BPL accepts ‘over 250’ staff leaving
Bahamas Power & Light (BPL) has accepted “over 250” voluntary separation (VSEP) requests from its existing workforce, trade union leaders said yesterday.
Attacks on VAT hike ‘misdirected’
Attacks on the 60 percent VAT rate hike are misdirected, a prominent attorney is arguing, with Bahamians focusing on the symptom - and not the cause - of their onerous taxation increase.
Bran backs tax hikes on 'toxic' gaming sector
The Democratic National Alliance’s (DNA) ex-leader has given his full backing to the web shop tax hikes, arguing that the industry has “been shown to be toxic” for Bahamian society.Branville McCartney, pictured, renewing his call for a national lotte
Doctors Hospital elects new chair
Doctors Hospital Health System (DHHS) Board of Directors has elected Felix Stubbs as its new chairman with effect from June 20, 2018.He replaces Joseph Krukowski, who retired from a post he held since 2003 following last Tuesday’s Annual General Meet
Top RBC executive says Bahamas' 'mojo' returns
THE Bahamas is getting its “mojo” back, according to Royal Bank of Canada’s (RBC) top Caribbean executive, who said: “We’re excited about The Bahamas’ prospects.”Speaking at RBC’s recent Client Service Centre launch, Rob Johnston added: “We are commi
Bahamas First in new Cayman HQ opening
Bahamas First Holdings has solidified its regional footprint by opening a new corporate headquarters for its subsidiary, Cayman First Insurance.Patrick Ward, Bahamas First’s group president and chief executive, Board members, management and employees
'Inadequate accounts' drive $360m in arrears
THE government’s $360 million in unfunded arrears is “entirely connected” to inadequate accounting systems and financial management processes, the deputy prime minister has revealed.K Peter Turnquest, pictured, told the Institute of Chartered Account
'Like white on rice' for fiscal responsibility bill
The government was yesterday urged to be all over the Fiscal Responsibility Bill “like white on rice”, as it will give Bahamians confidence their VAT sacrifice is not in vain.Robert Myers, the Organisation for Responsible Governance’s (ORG) principal
Island Luck staff brace for up to 350 job losses
Island Luck yesterday warned staff to brace for up to 350 job losses after it was “unsuccessful” in mitigating the impact of a 184 percent tax rate hike on its business model.The Bahamas’ largest web shop chain, in a memorandum to employees, said it
VAT gives Bran 'second thoughts' on major deal
The Democratic National Alliance’s (DNA) ex-leader yesterday revealed the VAT hike is “giving me second thoughts” about making a further major investment in the Bahamas.Branville McCartney told Tribune Business the Budget’s increased taxation measure
Bahamas urged to 'set standard' over crypto regulation
The Bahamas can “set the standard” for blockchain and cryptocurrency regulation by establishing an appropriate supervisory framework now, an industry specialist said yesterday.Michsel Casey, chairman of CoinDesk Advisory Board, said he “thoroughly en
Bahamas, Caribbean perfect testing ground for capital movement
The Bahamas and wider Caribbean were yesterday described by a blockchain specialist as a perfect testing ground for technology that eliminates obstacles to capital movement.Michael Casey, a leading author on the subject, said the region’s many indepe
IAN FERGUSON: The best approach to employee termination
US President Donald Trump, in his former reality television show, The Apprentice, unconsciously made his viewers comfortable with the words: “You’re fired!” As horrid and difficult as those words are for someone on the receiving end, sometimes person
Central Bank targets pilot digital currency
The Central Bank will soon introduce a pilot digital currency for The Bahamas, the deputy prime minister has confirmed.KP Turnquest told the Blockchain and Cryptocurrency Conference, which enters its final day today, that he hopes Grand Bahama become
Bahamas welcome for Italian tourists
Some 120 passengers arrived at Grand Bahama International Airport from Milan, Italy, on Thursday, June 21, on a Boeing 787 Dreamliner aircraft.Operated by European tour operator, Alpitour, the summer travel programme began in May, with weekly trips s
